Volume 3 Issue 29
Orlen-Lotos Merger Gets EU Sign-off
July 21, 2020The European Commission granted conditional approval last week for the merger of PKN Orlen and Lotos, Poland’s two main oil companies and lubricant suppliers.
GP to Restructure in Face of Pandemic
July 21, 2020GP Global Group disclosed Monday that it is seeking new investors to help it weather a financial crunch caused by the COVID-19 pandemic and related economic contraction.
Ukraine Lifts Levy on Base Oil Imports
July 21, 2020Ukraine’s government decided to exclude base oils from an import tax implemented in late May, explaining they were mistakenly subject to the tax because of a misunderstanding about commodity codes.
From Other Editions of Lube Report
July 21, 2020Indonesia, Honda JV Tangle over Lube Tie-in
Briefly Noted
July 21, 2020French specialty chemicals distributor Safic-Alcan reached a pan-European distribution agreement with United States-based Momentive Quartz Technologies for its boron nitride range. The powders are used in lubrication applications, including oils, greases, liquid or dry lubricants, metal processing and release agents.